Atm frauds ppt

Due to a booming cybercrime scene, India is expected to surpass the UK in 2019 and become the second-most targeted country for payment card fraud, behind the undisputed leader, the US.According to cybercrime statistics compiled by cyber-security firm Gemini Advisory, over 3.2 million Indian payment card records have been compromised and posted for sale online in 2018, a big jump from the previous year, when details for only 800,000 Indian payment cards had been posted on cybercrime forums.India is the perfect target for cybercrimeThe sudden attention that India is receiving makes a lot of sense. The country is anticipated to overtake China to become the most populous country in the world by 2024, and India's economy is expected to surpass the UK economy by the end of the year.Coupled with a boom of India's middle class and the government's efforts to digitize the country, more and more Indians are now in possession of a payment card.But this sudden rise in valid payment cards has not … [Read more...] about India expected to surpass the UK for second place in payment card fraud

Over the past month, criminal gangs have been using diggers to break building walls and steal ATMs across Northern Ireland. Nine such incidents have happened already, with the latest being reported last night.Reports from Irish news sites say crooks steal nearby digging equipment, which they use to knock down building walls, scoop the ATMs in the diggers' cups, and then place it in the back of a truck or van that had its roof cut off. The gangs involved in these attacks flee the scenes in their trucks and vans, leaving the digger behind.Attacks, some of which have been recorded on CCTV cameras, last no more than a few minutes, giving crooks enough time to escape before police arrive on the scene.Irish media reported ten digger attacks on ATMs this year, most of them in April, with nine successful [1, 2, 3, 4].Report: ATM physical attacks on the riseNews about these attacks broke in the same week that the European Association for Secure Transactions (EAST), a non-profit organization … [Read more...] about Crooks use digger to steal ATMs in Northern Ireland as ATM physical attacks rise across the EU

DANSKE Bank has created a new specialist fraud and cyber crime team to help combat the rising threat to customers from fraudsters and criminal gangs.The eight-strong front-line team will be focused on educating its customer base and wider society about the complexity of new types of fraud.It will also be available to engage with customers that fall victim to such attacks or who think they may be being targeted.Vicki Hassan, the bank's head of transaction banking, said: “The new team brings together expertise in card, ATM, cheque and payment fraud, and will be led by newly appointed fraud and cyber crime manager Chris Wynne.“Fraud and cyber crime are growing threats to our customers and our business. All banks are seeing a rise in attacks, with people tricked into revealing personal details or having their information stolen.“Danske Bank believes it is essential for our customers to understand the risks and be able to talk directly to experts if they are targeted by a … [Read more...] about Danske Bank creates new fraud and cyber crime unit in response to growing threat

By Erin Douglas Updated 1:58 pm CST, Thursday, February 28, 2019 Customers use an ATM machine in front of a Wells Fargo Bank branch in San Francisco, Calif. on Friday, Feb. 8, 2019. Customers use an ATM machine in front of a Wells Fargo Bank branch in San Francisco, Calif. on Friday, Feb. 8, 2019. Photo: David Paul Morris, Freelance / Special To The Chronicle Photo: David Paul Morris, Freelance / Special To The Chronicle Image 1 of / 1 Caption Close Image 1 of 1 Customers use an ATM machine in front of a Wells Fargo Bank branch in San Francisco, Calif. on Friday, Feb. 8, 2019. Customers use an ATM machine in front of a Wells Fargo Bank branch in San Francisco, Calif. on Friday, Feb. 8, 2019. Photo: David Paul Morris, … [Read more...] about Wells Fargo begins compensating customers affected by fraud; Texas to get $47m

affecting people worldwide, but one of the most common is ATM fraud, also known as ATM “skimming.” Skimming is a form of cyber attack that affects individual people as well as banks. While banks also have to worry about a technique called “jackpotting” which forces an ATM to dispense all the cash it contains, this technique is difficult to pull off and requires the crook to break into the machine and install malware. Skimming is much more likely to affect the average business or person, so it’s important to understand what it is and how to protect against ATM fraud. Skimming explained Put simply, ATM skimming is a form of theft that uses a small device, known as a skimmer, installed on an ATM to steal card information. When you swipe your card at a compromised ATM or gas pump, a malicious device installed in the card reader pulls your information from the magnetic strip. Installing devices like these is much easier for criminals than the invasive … [Read more...] about ATM Fraud Is on the Rise